FraudNet in action According to The Irish Times, lawyer Antenor Pereira Madruga Filho (a member of FraudNet) is hired by the Irish Government to represent it in a high-profile case involving a lawyer who fled Ireland in 2007 with debts of €80m. The lawyer was arrested in Brazil almost two years ago and has been… Continue reading FRAUDNET – THE POWER OF ONE GLOBAL NETWORK
Tag: financial supervision
KAREL FRIELINK NEW FRAUDNET MEMBER
Global network that can help victims Karel Frielink has been appointed member of FraudNet for all six islands of the Dutch Antilles. FraudNet is a worldwide network of lawyers specialized in asset tracing and recovery. Set up in 2004 by the anti-crime arm of the International Chamber of Commerce, FraudNet currently numbers 70 members… Continue reading KAREL FRIELINK NEW FRAUDNET MEMBER
ICC FRAUDNET
The leading specialist international network of fraud and asset recovery lawyers Organized and operating under the auspices of the Commercial Crime Services of the International Chamber of Commerce (ICC), FraudNet is a 24/7 international rapid deployment force that pries open the vault of bank secrecy and helps victims locate and recover their stolen assets with… Continue reading ICC FRAUDNET
OFFERING SECURITIES FROM CURACAO AND ST. MAARTEN
About the obligation to publish a prospectus The legal regulations in connection with the law providing for financial supervision are materially identical in Curaçao and Sint Maarten. For convenience sake we will mainly refer to Curaçao below. The search for a prospectus requirement in the law on supervision will be in vain. The National Ordinance… Continue reading OFFERING SECURITIES FROM CURACAO AND ST. MAARTEN
WHEN IS A PROSPECTUS REQUIRED?
The Netherlands, Curaçao, St. Maarten and the BES-islands compared The Netherlands The legal system in the Netherlands has a European origin. We will not discuss this further here.* Chapter 5.1 of the Dutch Financial Supervision Act (Wet op het financieel toezicht: ‘Wft’) includes the rules for offering securities. Section 5:2 Wft stipulates: “It is forbidden… Continue reading WHEN IS A PROSPECTUS REQUIRED?
REGULATORY LAWS IN THE BES ISLANDS
There are three regulators According to the Dutch Central Bank (“DCB”), financial institutions must be sound, reliable and stable to ensure confidence among businesses, consumers and others. DCB states on its website: “In addition to making certain their customers are properly informed about their products and services, these institutions also have a duty of care… Continue reading REGULATORY LAWS IN THE BES ISLANDS